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Week 3

Administrative Agencies; Government Regulation Competition and Prices

QuestionAnswer
What is the purpose of Administration Agencies? Has the power to make laws and does so by promulgating regulations with public input.
What Legislative Power do administration agencies hold? Before and agency can begin rulemaking proceedings, it must be given jurisdiction by congressional enactment in the form of a statute.
What Executive Power do administration agencies hold? Have the power to investigate, to require persons to appear as witness, and to bring proceedings against those who violate the law.
What Judicial Power do administration agencies hold? If a potential violation of the law is found, administrative agencies acts as a judicial arbiter to conduct hearings on violations.
When was the Clayton Act passed? 1914
What did the Sherman Antitrust Act do? Prohibits the ability to monopolize any market for a particular product or service.
When was the Robinson-Patman Act passed? 1936
What does the Federal Trade Commission Act accomplish? Authorizes the Federal Trade Commission to enforce the other three antitrust laws.
Created by: presleyyyy
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